Dogecoin Faces Rejection At $0.40 High As Sellers Threaten Further Downside

[Tnoy30]

Since April 17, Dogecoin (DOGE) price has been having an impressive bullish run. The altcoin rallied from the low of $0.15 to a high of $0.45. Nevertheless, DOGE has reversed direction after reaching the high of $0.45.

Dogecoin (DOGE) Price Long-term Prediction: Bullish
On April 16, buyers pushed Dogecoin to $0.45 high but later fell below $0.40. The bulls retested the $0.40 high and were repelled.

After the retest, a bearish double top pattern was formed. This indicates that Dogecoin will luckily resume a downward move after the rejection at $0.40. On the downside, the DOGE price has fallen from the high of $0.45 to the low of $0.30. Further downside is possible if price breaks below the $0.30 support. The market will decline to $0.15 low.
Source: Dogecoin Faces Rejection At $0.40 High As Sellers Threaten Further Downside